Calendar Year
1996 in US Banking
1,476 bank events are on record for 1996: 6 failures, 1,203 mergers or acquisitions involving a bank, credit union or bank holding company, and 267 enforcement actions.
6
Failures
$232.6M in failed assets
1,203
Mergers
Federal Reserve NIC, banking organizations
267
Enforcement
OCC, FDIC, FRB, OTS and SEC 8-K filings
Jump to: Bank failures 1996 · Bank mergers 1996
How many banks failed in 1996?
6 banks failed in 1996, with $232.6M in assets. Each failure below links to its own page.
| Date | Bank | Assets |
|---|---|---|
| Aug 16, 1996 | Commonwealth Thrift & Loan | $11.5M |
| Aug 9, 1996 | Union Federal Bank, FSB | $32.6M |
| Jul 12, 1996 | Fairfield First Bank & Trust Co | $57.3M |
| Jun 14, 1996 | First NB of the Panhandle | $68.1M |
| May 31, 1996 | People's Bank & Trust | $22.7M |
| Mar 8, 1996 | Metrobank of Philadelphia | $40.4M |
Which banks merged in 1996?
1,203 mergers or acquisitions involving a bank, credit union or bank holding company are on record for 1996.
See the fuller list: Bank mergers 1996 with largest deals and credit union mergers ›
| Date | Acquired | Acquirer |
|---|---|---|
| Oct 25, 1996 | The Bank of Commerce | BancFirst |
| Oct 25, 1996 | Commerce Bancorporation, Inc. | BancFirst Corporation |
| Oct 25, 1996 | Gibson County Bank | Old National Bank |
| Oct 25, 1996 | Granville United Bank | Triangle Bank |
| Oct 24, 1996 | Saint Paul Medical Center Credit Union | OmniAmerican Bank |
| Oct 24, 1996 | Volga Federal Credit Union | Dakotaland Federal Credit Union |
| Oct 24, 1996 | (unnamed) | Firstar Bank Missouri, National Association |
| Oct 22, 1996 | Harry Rich Affiliates Federal Credit Union | L'Oreal USA Federal Credit Union |
| Oct 21, 1996 | Youngs Rubber Employees Federal Credit Union | Credit Union of New Jersey |
| Oct 20, 1996 | Workingmens Capital Holdings, Inc. | Old National Bancorp |
| Oct 20, 1996 | Onb Bank | ONB Bloomington, National Association |
| Oct 19, 1996 | First Citizens Bank | California Federal Bank, a Federal Savings Bank |
| Oct 18, 1996 | Yellowstone Bank, Absarokee, Montana | The Yellowstone Bank |
| Oct 18, 1996 | Mercantile Bank of Lake of the Ozarks | Mercantile Bank of Central Missouri |
| Oct 18, 1996 | Mercantile Bank of Phelps County | Mercantile Bank of Central Missouri |
| Oct 18, 1996 | The Yellowstone Bank, Columbus, Montana | The Yellowstone Bank |
| Oct 18, 1996 | Mercantile Bank of Warrensburg | Mercantile Bank of Central Missouri |
| Oct 18, 1996 | (unnamed) | Mercantile Bank of Central Missouri |
| Oct 18, 1996 | St. Clair Federal Savings Bank | National Bank of Commerce of Birmingham |
| Oct 18, 1996 | Bank IV, National Association | Nationsbank, National Association (Mid-West) |
| Oct 18, 1996 | Boatmen's Kansas, Inc. | Bbi Kansas, Inc. |
| Oct 18, 1996 | The Yellowstone Bank | The Yellowstone Bank |
| Oct 18, 1996 | Mercantile Bank of West Central Missouri | Mercantile Bank of Central Missouri |
| Oct 18, 1996 | Mercantile Bank of Boone County | Mercantile Bank of Central Missouri |
| Oct 17, 1996 | Sutter Buttes Savings Bank, FSB | Tri Counties Bank |
| Oct 15, 1996 | Jdo Federal Credit Union | C-B-W School Federal Credit Union |
| Oct 15, 1996 | Crawford County Bank | Southland Bank |
| Oct 14, 1996 | Central Washington Bank | Pacific Northwest Bank |
| Oct 12, 1996 | Bank of North America | Bankatlantic |
| Oct 12, 1996 | Citizens Bank of Southern Missouri | Union Bank |
| Oct 12, 1996 | The Navarre Deposit Bank Company | Sky Bank |
| Oct 12, 1996 | Banco Central Hispano - Puerto Rico | Banco Santander Puerto Rico |
| Oct 12, 1996 | SCT Federal Credit Union | Memorial Credit Union |
| Oct 12, 1996 | Peoples Savings Association | Fidelity Federal Savings Bank |
| Oct 7, 1996 | The First National Bank of Westville | First National Bank of Danville |
| Oct 7, 1996 | Orland State Bank | Marquette Bank |
| Oct 6, 1996 | Southwest Financial Bank and Trust Company | Southwest Financial Bank and Trust Company |
| Oct 5, 1996 | Bank of Chapmanville | Logan Bank & Trust Company |
| Oct 5, 1996 | Graham Savings Bank, Inc., SSB | Central Carolina Bank and Trust Company |
| Oct 5, 1996 | The Anchor Bank of North Carolina | The Anchor Bank |
| Oct 4, 1996 | WesBanco Bank Kingwood, Inc. | WesBanco Bank Fairmont, Inc. |
| Oct 3, 1996 | Randolph County Bancorp | First Merchants Corporation |
| Oct 2, 1996 | Hawkeye Federal Savings Bank | Commercial Federal Bank, a Federal Savings Bank |
| Oct 1, 1996 | Burlington County Bank | Trenton Savings Bank FSB |
| Oct 1, 1996 | Continental Bancorporation | Collective Bancorp, Inc. |
| Oct 1, 1996 | Financial Bancorp, Inc. | Community First Bankshares, Inc. |
| Oct 1, 1996 | First Citizens Processing Services, Inc. | First-Citizens Bank & Trust Company |
| Oct 1, 1996 | Sierrawest Bank | SierraWest Bank |
| Oct 1, 1996 | First Midwest Asset Management Company | First Midwest Bancorp, Inc. |
| Oct 1, 1996 | Bancalabama, Inc. | BNF Bancorp, Inc. |
The list holds 500 of the 1,203 mergers recorded for 1996.
Enforcement Actions in 1996
| Action date | Agency | Institution | Action |
|---|---|---|---|
| May 22, 1996 | FRB | (individual) | Cease and Desist Order: Keith E. Leonard |
| May 22, 1996 | FRB | Country Hill Bank | Cease and Desist Order: Joseph G. Donner |
| May 22, 1996 | FRB | (individual) | Cease and Desist Order: Howard S. Miller |
| May 22, 1996 | FRB | (individual) | Cease and Desist Order: Barry S. Winter |
| May 22, 1996 | FRB | Country Hill Bank | Cease and Desist Order: Albert L. Margolin |
| May 22, 1996 | OCC_OTS | Summit Federal Savings and Loan Association | Orders of Removal/Prohibition: Concetta Cannataro |
| May 20, 1996 | OCC | First National Bank of Effingham | Civil Money Penalty (CMP): Atkins, David M. |
| Apr 30, 1996 | OCC_OTS | Firstbanc Savings of Texas | Supervisory Agreement: FirstBanc Savings Association of Texas |
| Apr 24, 1996 | OCC_OTS | Great West, a Federal Savings Bank | Orders of Removal/Prohibition: Tom R. Waymire |
| Apr 24, 1996 | OCC_OTS | Local America Bank of Tulsa, A Federal Savings Bank | Orders of Removal/Prohibition: Lisa M. DeMoss |
| Apr 24, 1996 | OCC_OTS | Superior Financial Services, Inc | Orders of Removal/Prohibition: Melissa Gail Bell |
| Apr 24, 1996 | OCC_OTS | Superior Financial Services, Inc | Orders of Removal/Prohibition: Tracie Ann Swearingen |
| Apr 24, 1996 | OCC_OTS | Local America Bank of Tulsa, A Federal Savings Bank | Cease and Desist: Lisa M. DeMoss |
| Apr 24, 1996 | OCC_OTS | Superior Financial Services, Inc | Cease and Desist: Tracie Ann Swearingen |
| Apr 23, 1996 | FRB | Banco Boliviano Americano, S.A. | Written Agreement: Banco Boliviano Americano, La Paz, Bolivia and Banco Boliviano Americano, Miami, FL |
| Apr 19, 1996 | FRB | (individual) | Prohibition from Banking: Michael J. Galietta |
| Apr 19, 1996 | OCC_OTS | Charter Oak Federal Savings Bank | Orders of Removal/Prohibition: John C. Brauer |
| Apr 17, 1996 | FRB | (individual) | Prohibition from Banking: Ricardo Colon |
| Apr 15, 1996 | OCC_OTS | Charter Oak Federal Savings Bank | Cease and Desist: David C. Banker |
| Apr 12, 1996 | FRB | Keyesport Bancshares, Inc. | Written Agreement: Keyesport Bancshares, Inc., Keyesport, IL |
| Apr 11, 1996 | OCC_OTS | The First National Bank of Iowa | Orders of Removal/Prohibition: Linda K. Cross |
| Apr 10, 1996 | OCC_OTS | United Savings Association of Texas | Orders of Removal/Prohibition: Prakash Zachariah Mathew |
| Apr 10, 1996 | OCC_OTS | TCF Financial Corp. | Orders of Removal/Prohibition: James D. Lyall |
| Apr 10, 1996 | OCC_OTS | TCF Financial Corp. | Cease and Desist: James D. Lyall |
| Apr 9, 1996 | FRB | (individual) | Civil Money Penalty $1,000,000: Interamericas Investments, Ltd., George Town, Cayman Islands |
| Apr 9, 1996 | FRB | (individual) | Cease and Desist Order: Interamericas Investments, Ltd., George Town, Cayman Islands |
| Apr 9, 1996 | OCC | First National Bank of Shawnee Mission | Prohibition/Removal Orders: Jackson, Robert L. |
| Apr 9, 1996 | OCC | First National Bank of Shawnee Mission | Civil Money Penalty (CMP): Jackson, Robert L. |
| Apr 9, 1996 | OCC | (individual) | Civil Money Penalty (CMP): Kim, Charles |
| Apr 9, 1996 | OCC | (individual) | Civil Money Penalty (CMP): Kim, Sunnie |
| Apr 9, 1996 | FRB | (individual) | Civil Money Penalty $10,000: Peter Ulrich |
| Apr 9, 1996 | FRB | (individual) | Cease and Desist Order: Peter Ulrich |
| Apr 5, 1996 | OCC_OTS | Central West End Bank | Orders of Removal/Prohibition: Kristine L. Martin |
| Mar 25, 1996 | OCC | (individual) | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Ward, Wayne |
| Mar 25, 1996 | OCC_OTS | General Federal Savings Bank | Decision/Opinion and Order: Pedro Roman Lopez |
| Mar 25, 1996 | OCC | First Central Bank, National Association | Civil Money Penalty (CMP): Ward, Wayne |
| Mar 25, 1996 | OCC | (individual) | Prohibition/Removal Orders: Ward, Wayne |
| Mar 25, 1996 | OCC_OTS | General Federal Savings Bank | Decision/Opinion and Order: Teresa Saldise |
| Mar 25, 1996 | OCC | (individual) | Civil Money Penalty (CMP): Ward, Wayne |
| Mar 22, 1996 | OCC_OTS | (individual) | Orders of Removal/Prohibition: Clark W. Wideman |
| Mar 21, 1996 | OCC_OTS | Davy Crockett Federal Savings & Loan Association | Termination of Cease and Desist: Patricia Lucas |
| Mar 20, 1996 | OCC | Summit National Bank | Civil Money Penalty (CMP): Gugliotti, Frank |
| Mar 20, 1996 | OCC | Summit National Bank | C&D or PC&D Requiring Restitution: Gugliotti, Frank |
| Mar 19, 1996 | FRB | (individual) | Civil Money Penalty $100,000: Banque Worms, S.A., Paris, France and Banque Worms Capital Corporation, … |
| Mar 19, 1996 | FRB | (individual) | Written Agreement: Banque Worms, S.A., Paris, France and Banque Worms Capital Corporation, New York, … |
| Mar 18, 1996 | FRB | (individual) | Cease and Desist Order: The Daiwa Bank, Limited, Osaka, Japan, and The Daiwa Bank … |
| Mar 15, 1996 | OCC_OTS | Topa Savings Bank | Civil Money Penalty: Robert Hollman |
| Mar 14, 1996 | OCC | Capital National Bank | C&D or PC&D Requiring Restitution: Martinez, Ramon |
| Mar 14, 1996 | OCC_OTS | (individual) | Civil Money Penalty: Gary L. Holman |
| Mar 14, 1996 | OCC_OTS | (individual) | Cease and Desist: Gary L. Holman |
Browse adjacent years: 1995 · 1997
Or jump to a category: Failures · Mergers · Enforcement · Assistance